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  (Source: sciencemediacentre.co.nz)
The top states that would be hit are California, Maryland, Virginia, Massachusetts and Washington D.C.

Science programs in America may take a very hard hit if sequestration of federal funds takes place, according to a new study.

The study, conducted for the Aerospace Industries Association by Center for Regional Analysis Director Steve Fuller, shows that large cuts in employment in U.S. science programs could affect scientific progress and even non-scientific jobs across the country.

Currently, the Bureau of Labor Statistics shows that 1,082,370 U.S. citizens work in the life sciences such as biology. However, if the fiscal cliff's sequestration of federal funds becomes a reality, 31,000 of these citizens could lose their jobs.

"The 31,000 figure does not include the indirect job losses, such as subcontractors, suppliers and vendors, or the induced job impacts," said Fuller. "Induced jobs are those supported by employee's spending on goods and services, so these are unlikely to be STEM (Science, Technology, Engineering and Math) type jobs but rather retail, consumer services, education and health, construction and those types of occupations.

"The direct jobs are clearly the immediate losses and encompass most of the STEM-type jobs. There will be some subcontractor job losses, including some STEM type jobs. For DOD contracts in general, subcontractor jobs are about 26 percent of the total where the direct jobs are about 30 percent. The remaining job losses, 44 percent, are induced."

Furthermore, a potential $56.7 billion cut to the Department of Defense (DOD) would eliminate 14,982 science jobs out of the total 325,693 lost. Another $59 billion cut to the U.S. Geological Survey would mean another 15,980 science jobs lost.

Matthew Hourihan, director of the American Association for the Advancement of Science (AAAS), further added that certain states like California would be hit the hardest with a potenial $11.3 million loss. The other four states in the top five included Maryland, Virginia, Massachusetts and Washington D.C.

An even more troubling outcome pointed out by Hourihan would be that American science would be set back by about a decade.

Another issue is grant proposals. Scientists will spend more time writing these grant proposals to keep their labs running and staffed rather than working on actual science. Also, a cut in federal spending could mean a $586 million loss for the American Institute of Biological Sciences, and a grant proposal success rate drop from 22 percent to 16 percent.

Source: Discovery News



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Keep cutting!
By sleepeeg3 on 11/27/2012 2:38:04 AM , Rating: 5
Being both a molecular biologist and a person who actually cares about this country - keep cutting! The $115.7B cuts mentioned in this article is nothing compared to what our current annual deficit is, let along coming close to helping reduce our national debt. The amount the US pays in interest alone is over double that amount! www.usdebtclock.org. If every penny in taxes went to paying off the national debt (impossible), it would take us 7 years to pay it off! Our current debt-to-GDP ratio is 105% - Greece went backrupt at ~129%. According to the www.whitehouse.gov own budget tables, we will add another $10,000,000,000,000.00 to the national debt and be around 175% debt-to-GDP by 2021... We are that close to being bankrupt.

People need to quit thinking about themselves, and think about the consequences of unrestricted spending. What will happen? The media has done nothing to enlighten or scare the American public, but likely the American dollar will see a revaluing in the near future, much like the Mexican peso did in 1993. In that case, the Mexican peso was revalued to 1/1000'th of the original peso. That could very well be the United States of America's future...




RE: Keep cutting!
By FITCamaro on 11/27/2012 8:50:52 AM , Rating: 4
Sad part is, even if Obama got everything he wants right now($4.4 trillion in "savings" over 10 years) and the math was actually valid, we'd still be at or near $1 trillion dollar deficits.

They have no desire to come anywhere near balancing the budget. And slashing the military won't do it.

Entitlement spending is the problem. We had 70 million people on Medicaid last year(between the poor and seniors, 36% of this country is on government health care insurance). 46 million on food stamps. And the numbers are increasing.


RE: Keep cutting!
By Gio6518 on 11/27/2012 10:44:02 AM , Rating: 3
quote:
Entitlement spending is the problem. We had 70 million people on Medicaid last year(between the poor and seniors, 36% of this country is on government health care insurance). 46 million on food stamps. And the numbers are increasing.


This is the biggest problem with our (US) economy, not only are we supporting laziness of our citizens, but also the illegal aliens that have never contributed to any programs...and don't forget about the billions that are given to world welfare "FOREIGN AID"....

http://foreignassistance.gov/CountryIntro.aspx


RE: Keep cutting!
By RufusM on 11/27/2012 10:55:11 AM , Rating: 2
But the populous wants their bread and circuses. Politicians won't deny them.


RE: Keep cutting!
By RufusM on 11/27/2012 11:07:25 AM , Rating: 2
Also, it's stories and articles such as this that work to keep the status quo in place by spreading FUD.

The stories go like this:
Government spending cuts will cause thousands to lose their jobs, critical education programs will be shrunk and the US will be crippled.

The problem is it's easy to displace private sector jobs with government but MUCH harder to displace government jobs with private sector jobs. The private sector typically has to act based on market forces where the government does not.


RE: Keep cutting!
By Ammohunt on 11/27/2012 11:20:25 AM , Rating: 2
And as long as they have that there will never be enough outrage for real change. People have lost sight of what made America great and our culture is all about self much like European humanism. Passive sheep in a pen waiting to be sheared.


RE: Keep cutting!
By tayb on 11/27/2012 11:39:39 AM , Rating: 2
The only way to balance the budget is to cut spending and increase taxes. Half the country refuses to increase taxes and the other half refuses to decrease spending. Good luck balancing the budget with these two factions in control. Make no mistake, taxes must go up and spending must go down for this deficit to be tamed. Neither one in isolation will do the trick.

There is no quick fix. Even if we could all agree on tax increases and spending cuts we couldn't do it all at once or the economy would crash. It has to be gradual. Gradual as in 20+ years. That's the danger of a cliff. Pulling that much money out of the economy that fast will lead to a recession.


RE: Keep cutting!
By Kurz on 11/27/2012 12:32:21 PM , Rating: 2
I've seen that just spending cuts can do it.
Multiple studies on the subject paint its possible to do without tax increases.


RE: Keep cutting!
By deksman2 on 11/27/12, Rating: 0
RE: Keep cutting!
By mackx on 11/27/2012 10:11:55 AM , Rating: 2
Gene Roddenberry saw that happening and gave us star trek :o


RE: Keep cutting!
By Ammohunt on 11/27/2012 11:36:17 AM , Rating: 2
quote:
Furthermore, this kind of economic model is fundamentally unsustainable. To expect infinite growth on a finite planet is demented.


That's quite short sighted; this type of economic model feeds itself not unlike a breeder reactor and will eventually top out into a fully sustainable cyclical living creature if managed correctly and feed properly. it is not the lie they teach in college that being a "consume until there is nothing left to consume" scenario. What we are seeing is poor management and unwillingness to apply necessary efficiencies in order for the economy to evolve.


RE: Keep cutting!
By stilltrying on 11/27/2012 7:36:40 PM , Rating: 2
OH GOD watch out for the social engineers as they are by far the worst on the planet. They know everything and will dictate everything. Time for some cybernetics theory here from this one.


RE: Keep cutting!
By geddarkstorm on 11/27/2012 12:16:02 PM , Rating: 2
You show an incredible lack of knowledge of what's going on right now (25% of people in Greece are unemployed due to national debt, and its national debt endangers the entire eurozone), how economy really works (it is NOT debt based, that is something that grew out of the 90's, it is GDP and trade based), and history (Mexico, Zimbabwe, Argentina, USSR, etc.).

At every turn you can see your premise for your talk is wrong, and yet you still speak such folly.

As for the automation part of the post, hopefully things will get that rosy where people don't have to do the menial jobs as much as now -- but there's still plenty of folks picking strawberries all day long, so I think you may be sadly overestimating the impact of automation for any time soon.


RE: Keep cutting!
By BigDH01 on 11/27/2012 2:11:43 PM , Rating: 2
He's referring to MMT, a theory that explains modern monetary policy. It is derived from the understanding that sovereign debt and sovereign debt instruments do not behave like household debt, although people make the analogy (usually people seeking power) because it makes sense to the laymen even if it's totally inaccurate. When you realize that the Fed could simply buy US bonds and not collect interest on them then you truly realize that the US can spend unlimited amounts of US dollars. When you accept that to be true, you realize that the only thing that limits gov't spending is inflation, specifically demand-pull (too much money chasing too few products). Fortunately for the US, capacity utilization is low and unemployment high which makes demand-pull inflation unlikely.

Greece is another beast in the sense that its fiscal and monetary policy are detached. They have local fiscal control but are beholden to Europe's monetary authority. The other countries have imposed steep cuts upon them which have only served to increase their unemployment without closing the spending gap all that much, which kind of makes sense. If a large part of their GDP was public spending and they simply cut that spending then they also reduce their GDP and their tax revenue decreases opening up a new hole, which they continue to chase. Greece's best bet is to move off the Euro and regain some monetary independence. This will probably mean more expensive imports for them, but in the long run it will bring back employment.

And one thing you need to remember is that those countries you listed held debt denominated not in their own sovereign currency, something not true of the US debt. And many conservatives implicitly understand that the treasury could eliminate the debt tomorrow if it simply printed (rather digitally fabricated) the money. The concern is and always has been inflation and not some arbitrary debt or deficit number.

It has nothing to do with a "debt-based" economy or anything of the sort and more to do with the fact that the US operates its own sovereign currency that is non-convertible. When the currency became non-convertible (and really even before), monetary policy began playing a whole new ball game even though traditional thinking about sovereign debt hasn't moved away from its household debt metaphor even if the two have nothing in common.


RE: Keep cutting!
By PontiusP on 11/27/2012 3:43:57 PM , Rating: 2
Is that you Cullen?


RE: Keep cutting!
By BigDH01 on 11/27/2012 4:11:37 PM , Rating: 2
If you're referring to Pragmatic Capitalism... no. My primary introduction to MMT came from Mitchell and Wray.

As far as I can tell, the primary use of measuring the debt and deficit is as a weapon against the other guys.


RE: Keep cutting!
By geddarkstorm on 11/27/2012 12:06:03 PM , Rating: 2
As a fellow molecular biologist, whom is also struggling and watching whole university institutions struggle from these hard financial times, I -agree- with you completely.

Tightening the belt is hard, painfully hard, and making it through that transition will be no joke. But things will get better in that situation, and we will re-equilibrate and make it to the other side where prosperity will be stable and easy again. If the country goes bankrupt however (like Greece or Zimbabwe or many other nations have, whom those who say "print more money!" seem to be ignorant of), then there will be no recourse or other side to we could afford to wait for; except to leave this nation for many of us. If it seems bad now for us scientists, it'll be catastrophic then. It must be avoided, even if we have to suffer a little now.


RE: Keep cutting!
By stilltrying on 11/27/2012 7:46:16 PM , Rating: 2
Just wait til the student loan bubble pops which is coming due very soon.

http://www.zerohedge.com/news/2012-11-27/scariest-...


RE: Keep cutting!
By Sahrin on 11/27/2012 2:56:05 PM , Rating: 2
Alternatively, eliminate the mortgage interest tax deduction that overwhelmingly favors wealthy and older Americans, and then the budget is balanced plus a nice $400B surplus.


RE: Keep cutting!
By sorry dog on 11/27/2012 9:33:37 PM , Rating: 2
Sorry, but that is a monumentally terrible idea...

First of all you will kill what's left of the housing market and all the associated industries, mortgage, banking, construction...leading to less tax collections and more unemployment expenditures.

...and you will cause thousands and thousands of defaults...which will be written off leading to less corporate tax collections.

...and you will take away one of the best incentives middle class and lower middle class individuals have to save retirement at a time when savings for retirement is already inadequate for those economic classes.

I could go on, but just those reasons should be enough to show how dumb that would be....but it's just dumb enough that some politicians are suggesting it. Hopefully, it's just a hollow threat to give urgency to making a deal...but ya never know. They may just be that dumb.


RE: Keep cutting!
By Sahrin on 12/5/2012 10:30:32 AM , Rating: 2
>Sorry, but that is a monumentally terrible idea...

No it's not. The economy is growing at an annualized pace of 2.7% with a depressed housing market. The notion that home ownership is some kind of exclusive panacea for the economy is unimaginative in the extreme.

>First of all you will kill what's left of the housing market and all the associated industries, mortgage, banking, construction...leading to less tax collections and more unemployment expenditures.

Uh...what? No, you won't. You will restrict home ownership to people who can afford it. Right now, the MITD is part of the wealth transfer from the middle class to the wealthy. "Give us more of your salary (by reducing your income) and we'll subsidize your housing." I think the middle class would rather earn more money, and then have to pay taxes, than earn less and have to rely on the government to afford their homes.

>I could go on, but just those reasons should be enough to show how dumb that would be....but it's just dumb enough that some politicians are suggesting it. Hopefully, it's just a hollow threat to give urgency to making a deal...but ya never know. They may just be that dumb.

I love that your entire argument hinges on the idea that people need the government to afford their homes. Maybe if, instead of subsidizing everyone's housing at a cost of $1.5T over the next 10 years, the government instead just let the market work itself out - everything would be fine.

The reality is the economy would be *more* stable because of instead of relying on a government handout for home ownership, people would become more financially secure by waiting to buy their first home until they were actually, financially ready. In the short term, it would have a depressive effect, you're absolutely right. But in the long term, the economy would be much better off without another government handout.


RE: Keep cutting!
By PontiusP on 11/27/2012 3:22:50 PM , Rating: 2
You hit the nail on the head. Any hardship caused by the loss of these jobs will be absolutely dwarfed by the hardships experienced from a financial collapse. Like you said, stop thinking about your individual job, and start thinking about what it means for a nation of our size to go under. It isn't going to be pretty.

On that note, here's another good link about the welfare state.

http://www.zerohedge.com/news/2012-11-27/when-work...

Take a chainsaw to that beast and cut it to the ground!


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